FINANCIAL PLANNING

What Is The Roadmap of Happy Life?

We wish you Happy Life. In reality, most of the people forget the thumb rule that they cannot reach to the prosperity until they plan for it. God has given all of us the same 24 hours in a day, but most of us cannot achieve their financial goals.

 

The Difference Is “Financial Plan”.

People go out of home for jobs, picnic etc. We have noticed that many people come back to home to pick up the forgotten things. You can pick those forgotten things in this case. But if you found at the age after 50 that you have not saved enough funds for your retirement, can you become a youth of age 30 and start investing again? The answer is “No”.

We would like to share our vision of helping each person having a written Financial Plan in hands which will cover the financial goals like children’s education & marriage planning, wealth building, retirement planning etc with complete cash flow, emergency funds, adequate health & life insurance planning etc. Apart from that we will offer clear suggestions on how much money to allocate for goals and which financial products to be invested in. This financial plan will act as a powerful tool that can create clarity & consistency in your actions.

 

THE Contents of Your Financial Plan:

 

ü  Retirement Plan with Pension Cash Flow

ü  Children education planning with protection

ü  Children marriage planning with protection

ü  Emergency fund planning

ü  Check health and life insurance adequacy

ü  All goal planning with recommendations

ü  Income and expenses with bifurcation

ü  Networth and your financial health ratios

ü  Current asset allocation analysis

ü  Asset allocation recommendation

ü  Assistance for “Will” creation

ü  Assistance for “Trust” creation

 

You Plan Most Things In Life, Even A Picnic. Why Not Plan Finances?

It is really true that as individuals, we still give very little thought to financial planning in our early years, and when we are enough late facing harsh realities, we are forced to make unpleasant adjustments like disrespect among family members, cuts in needs, live in misery, get part of the living expenses from married daughters etc. While time value of money will help when planning is done in our early years, it is also important to plan how the corpus would be spent.

 

You Need Financial Planning, Because:

1. Increasing costs of living due to inflation

2. Education became expensive

3. Medical treatment became expensive

4. Retirement benefits are uncertain and inadequate

5. Low returns on deposits

6. Greater life expectancy

7. Markets are always volatile

8. Families became nuclear

9. Economic instability increased

 

Step By Step Process Of Financial Planning To Realize Future Financial Goals:

 

1. Understanding your needs

2. Analyzing your risk appetite

3. Planning your investments

4. Reviewing the performance of investments

5. Rebalancing the investment portfolio

 

Need Financial Planning To Meet The Financial Goals You Hope To Achieve, Such As:

 

1. Cash Flow Management

2. Life Insurance

3. Health Insurance

4. Contingency Funds

5. Social Expenses

6. Tours and travels

7. Taxation

8. Children’s Education

9. Children’s Marriages

10. Vehicles

11. Residential home

12. Business

13. Retirement Planning

14. Estate Planning

15. Donation for a trust

 

To Do - With Money

1. Invest with strategy to achieve financial goals and adhere to it.

2. Buy adequate personal accident policy.

3. Buy Insurance Products only for Insurance purpose, don’t mix investment with insurance.

4. Buy adequate health insurance product

5. Have proper asset allocation and adhere to it.

6. Buy after you fully satisfied.

7. Buy goal oriented Mutual Fund schemes. (Mutual Funds have many varieties of products.)

8. Invest in Mutual Fund Schemes using SIP /STP.

9. Buy fixed income products for short term to secure your capital.

10. Finally, keep track of performance of your investments & rebalance your portfolio every year.

 

Not To Do - With Money

 

1. Do not buy products for obligation.

2. Do not buy products, only because it is very cheap.

3. Do not buy product because it is very expensive.

4. Do not buy products, which claims to generate extraordinary returns.

5. Do not buy products which offer guaranteed returns, as guarantee itself is costly.

6. Do not buy products from employees who are paid incentives on target achievements.

7. Do not buy products from semi-skilled or unskilled agents or part-time advisor.

8. Do not buy equity shares based on tips or without fully conviction about the company.

9. Do not buy option or future, as it may not leave any option for you.

10. Do not buy fixed income products for long term to beat inflation.

11. Do not buy lump sum investment, use SIP / STP facilities to invest.

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Here is a fundamental view on the market from Sunil Subramaniam Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Tue, 19 Sep 2017 12:25:49 +0530


Shweta Jain SIP work irrespective of market sentiment. Marry the SIP with your financial goal and you are home.
Tue, 19 Sep 2017 09:50:25 +0530


Sunil Singhania Says economy will continue to grow and that will drive up the equity markets going forward.
Mon, 18 Sep 2017 10:16:49 +0530


Rajeev Thakkar Among the new theme that they have added is Facebook, which is an international stock, said Rajeev Thakkar, Chief Investment Officer and Director, PPFAS MF.
Fri, 15 Sep 2017 16:24:18 +0530


Joydeep Sen Only a fund with a relatively smaller corpus size can be quickly repositioned; a large fund will have the baggage of existing portfolio which should not be disturbed.
Thu, 14 Sep 2017 09:53:45 +0530


Vaibhav Agrawal Unlike other instruments like PPF, NSC and Long term deposits, an ELSS is a long-term wealth creator due to its consistent equity exposure.
Tue, 12 Sep 2017 11:26:33 +0530


Harsha Upadhyaya Kotak MF’s Upadhyaya said that September and December could be slightly better quarters due to GST-hit sectors seeing some recovery.
Tue, 12 Sep 2017 10:27:33 +0530


Lack of jobs in economy a worry; may see job growth once GST effect reduces: Axis MF In an interview to CNBC-TV18, Chandresh Kumar Nigam, MD CEO of Axis Mutual Fund, spoke about his reading of the market and his outlook on inflows into equity mutual funds (MFs).
Thu, 07 Sep 2017 14:23:12 +0530


Anand Radhakrishnan To celebrate the Mutual Fund Day that falls on every 7 day of the month, CNBC-TV18 spoke to Anand Radhakrishnan, CIO- Equity, Franklin Templeton Investments. Last month mutual funds saw a record inflows to the tune of Rs 20,000 crore.
Thu, 07 Sep 2017 12:13:40 +0530


S Krishna Kumar Companies such as Bajaj Finance and Capital First, among others, have been able to innovate, use technology, disrupt markets and gained advantage among competitors to pursue higher growth.
Thu, 07 Sep 2017 12:02:14 +0530


Joydeep Sen The average SIP size is Rs 3,250 and the month-wise collection through SIPs is just under Rs 5,000 crore per month now. It shows investors are walking in the right direction.
Thu, 07 Sep 2017 11:03:32 +0530


Hybrid funds - A balanced approach to investing Balanced, MIPs, Equity Savings and Dynamic Allocation are categorized as Hybrid funds
Thu, 07 Sep 2017 10:53:29 +0530


Milind Barve CNBC-TV18#39;s Nimesh Shah caught up with Milind Barve, MD, HDFC AMC from the side-lines of Motilal Oswal Conference and asked him if the domestic flows are sustainable at the pace at which mutual funds (MFs) are getting it and the trend in mutual funds will continue going ahead.
Wed, 06 Sep 2017 14:53:00 +0530


Nimesh Shah Nimesh Shah of ICICI Prudential AMC says when you are managing money in fiduciary capacity it is important to have a balanced approach while investing in market.
Tue, 05 Sep 2017 14:01:27 +0530


Sunil Subramaniam Watch the interview of Sunil Subramaniam, CEO at Sundaram Mutual Fund with Prashant Nair and Ekta Batra on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Thu, 31 Aug 2017 12:33:29 +0530

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